Interest on Bitcoin

[Reatim]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

You can earn up to 7% interest on Bitcoin, but it's risky, HODLing exposes investors to face the risk of hacks. Traders usually prefer a hot wallet to trade funds quickly, but this type of storage could be dangerous cause the public and private keys are kept on the internet. You need to know how to protect yourself from attacks.

if you are into Holding then you will never have any trouble using safer wallet like Trezor / Ledger in which i am using now.

I have been saving my coins for years now and never had any issue faced for the years passed.

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

If it is calculated from when I started to invest in Bitcoin, now I have earned around 68% net profit from.
It's very risky if your private key is given to someone else, don't do that.

How long was that? you did not even doubled your coins?

from the time i entered crypto and start investing ?(some of course trading) i already earned more than x5 of my total funds (Aside those i withdrawn in times of emergencies)

[MD DANISH]

My interstet is very high in bitcoin and i aslo trading in bitcoin and crypto and recive profit

[Flexystar]

Wondering how many of you earn interest on your Bitcoin?

I do not think this is necessary, it is obvious with increase in bitcoin price.

Do you feel this is risky, whoever owns the private key owns the BTC ?

Who owns the seed phrase or the private key owns the bitcoin, it is not risky if you think bitcoin network can fail, never think of that because bitcoin network is stronger than anything you can compare it with. What you should be careful about are hackers and scammers generally.

Yeah, the bitcoin network. Look through the eyes of coder and they will tell the grim reality of the same. It's complex network of nodes, blocks, getting confirmed again and again by different miners, one after another and the process is just non ending. The hash generated is almost equal to garbage but with unique serial and unique information that is understood by the blockchain and miner.

Yes its beautiful thing to understand. Big network with public to public ledger and connectivity. I think there is small or rare chance that bitcoin will ever fail. The network just can't fail because its running on multiple systems, multiple pc's, miners etc. So if you ask me, then its surely secure one.

Well, I barely doubt there is service or project who can offer you 6% interest on the bitcoin. It's just does not make sense considering the prices are volatile.

[Coyster]

so happy I joined this forum - I didn't even know it's possible to get interest on Bitcoin! Thanks everyone for enlightening me here

I hope you understand the type of interest OP is talking about, it's not the sort of interest you gain from hodling/investing/trading, I believe OP is inquiring about forfeiting your private keys to maybe an organization/company and earn a percentage from the organization depending on the agreement in the contract, mind you that this is embedded with so much risks, if you've not heard, "if it's not your keys, then it's not your coins", thus giving your keys to anyone takes away the ownership of the coin from you. If you want to earn interest on your coins, then hodl it, trade it, just do anything, but make sure you are the only one in possession of your private keys/seed phrase.

[dimox]

people think its risky but they still manage it. how risk depend on how long you have been there, and knowledge will lead your way. circumspection will grow slowly, and trust will be the number one if you want to save from the other think.
we cant imagine how much we can get from this crypto, but the older feel and know how much they earn, from days to years. and the fact, this profit is bigger than you store in bank

[dark1234]

people think its risky but they still manage it. how risk depend on how long you have been there, and knowledge will lead your way. circumspection will grow slowly, and trust will be the number one if you want to save from the other think.
we cant imagine how much we can get from this crypto, but the older feel and know how much they earn, from days to years. and the fact, this profit is bigger than you store in bank

I agree with you ... and this has been proven until now I always hold it and occasionally take advantage of it to spend, so; every job is risky depending on how we take care of it, maybe the OP feels that makes him feel worried about what will happen if something is lost

[perfect999]

so happy I joined this forum - I didn't even know it's possible to get interest on Bitcoin! Thanks everyone for enlightening me here

I hope you understand the type of interest OP is talking about, it's not the sort of interest you gain from hodling/investing/trading, I believe OP is inquiring about forfeiting your private keys to maybe an organization/company and earn a percentage from the organization depending on the agreement in the contract, mind you that this is embedded with so much risks, if you've not heard, "if it's not your keys, then it's not your coins", thus giving your keys to anyone takes away the ownership of the coin from you. If you want to earn interest on your coins, then hodl it, trade it, just do anything, but make sure you are the only one in possession of your private keys/seed phrase.

You are right, there are risk involved because when you are not holding your keys then you are not really holding your coins. Anyone who holds your keys is totally in charge of your coins. But, I don’t think most of these companies that the OP has mentioned would like to put a dent on their image by scamming people, will they? That is the last thing they would like to do because all those companies are already big names in the cryptocurrency market.

Although I’ve never really considered anything that has to do with staking on any platform and getting interest, I’m already satisfied with the profit I’m getting from just holding it in my wallet. But it wouldn’t be bad if anyone should consider making extra.

[Olafimihan1986]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

There are lots of trusted and secured decentralized platforms that allow you to earn more interest as your hold your coin in their platform such as staking your Bitcoin for a period of time to accrue more interest or rewards. These decentralized platforms allow coin holders to have total control of their private key thereby restricting the involvement of third parties or intermediaries.

As for me, I prefer to hold my Bitcoin (a non stablecoin) in my private crypto wallet and allow it to accrue more interest as its price increases in the crypto market.

[Mahiyammahi]

I don't earn any interests on my BTC. I just put investment on it as my future investment. Isn't it too risky to give my majority capital for just some interest?
I do earn in others crypto , I also don't prefer to put my Bitcoin in exchange cause it's centralised . What I own I just put them on my cold wallet.

[Ararbermas]

I wil preferred to hold bitcoin for how many years than getting profits from interest, it's more safer than what way you think to be honest, . Indeed there's alot of people who already achieved their dreams because of HOLDING bitcoin, so i suggest do it for your self as well because it's quite skeptical if you will gonna rely on such way of making good return in the future. 

[Ebede]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

many people earn interest on cryptocurrencies and bitcoin in particular, and i believe that majority in the societies today like bitcoin for other purposes, so the private key section, any person that have private key doesn't have bitcoin, because you can create an account of bitcoin wallet and their is know money to fund your wallet and that should not mean that you have bitcoin, you only have wallet with the key.

[ice18]

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

It depends on the platform you are using, use one that has a good reputation and trusted company like Crypto.com. I have some few btc in that site earning some interest for just holding and so far its going smooth for some months now, but as I said still risky to join in a platform you have no control over your keys so always DYOR before entering and educate yourself first. 

[pawanjain]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

Don't ever put your bitcoins at risk to grab a few extra dollars. The interest you will get won't be worth the risk to put your coins at stake.
You could easily get that extra dollars when bitcoin pumps in price. Giving up your private keys for it would be really stupid.
If you still decide to put your coins at risk then I would advice not to put more than 25% of your coins at stake.
At least you would be able to secure 75% of your bitcoins that way.

[fullhdpixel]

Wondering how many of you earn interest on your Bitcoin?

No wonders; I am making more than what what those opportunities might be giving as interest for my bitcoin deposits. Yeah, bitcoin itself is appreciating every four years than what 6% yearly compound interest may sum up. Do not fall into such kind of ponzi (I dare to call them ponzi even they got enough reasons to prove me wrong).

Few services like crypto exchanges are something we cannot avoid for our bitcoins still experts are recommending not to to hold bitcoin on exchanges. Saving Bitcoin in our wallet alone the safest one. You may risk your bitcoins for earning interest and you need to face the consequences. Your bitcoins; your decisions.

[jerry0]

From what I check online, seems like most sites give up to 6% interest if you have one btc.  But anything more than that, the interest cuts into half.  Is that true for every site?


I mean having one btc is already a lot nowadays and that is a lot of interest since well you getting paid in btc.


But do most people not against this due to not your keys, not you coins?  However, staking is completely different right since you could unstake it anytime?  Could you stake btc instead and if so, what percentage interest you get? 

[TelolettOm]

I am pretty sure that everyone who is here especially loving Bitcoin has realize the risks of Bitcoin itself. As we know that it will give us risks and also profits. But, as long as we consider that profits are higher and we can manage our investment to reduce the risks, why not? Interested in Bitcoin is very normal.

And about getting or earning money from Bitcoin, we can just hold them, or even we can stake them to get some APY. but of course. Chooaing the right and trusted olatfome is very crucial to avoid scams.
Sometimes, scammers will give very high APY to attract us, but be careful on this and be realized

[lienfaye]

Wondering how many of you earn interest on your Bitcoin?

Probably all users who owns it. If the value of bitcoin is increasing we gain from it and the longer you hold your bitcoin you get the chance to gain more. However it has risk as well like any other investment hence it would be better to have less expectation, and make sure to know what you're getting into. There will always be two result if you invest, its either you earn or lose thus having your own understanding of the possible outcome is a must.

[yananda]

Wondering how many of you earn interest on your Bitcoin?

Do you feel this is risky, whoever owns the private key owns the BTC ?

Also any resources for a high interest rate I think around 6% is the highest, these are some I have seen Liquity, Blockbank, Voyager, Nexo

thanks!

being interested doesn't necessarily make people invest right away, there are many factors that make people turn around
become a loss by thinking too long to make a decision

[Minecache]

I am pretty sure that everyone who is here especially loving Bitcoin has realize the risks of Bitcoin itself. As we know that it will give us risks and also profits. But, as long as we consider that profits are higher and we can manage our investment to reduce the risks, why not? Interested in Bitcoin is very normal.

And about getting or earning money from Bitcoin, we can just hold them, or even we can stake them to get some APY. but of course. Chooaing the right and trusted olatfome is very crucial to avoid scams.
Sometimes, scammers will give very high APY to attract us, but be careful on this and be realized

The risk will turn into profit over time management. Is there no risk when you take out life insurance or fixed deposit with a bank? It is most risky to keep money in the bank, cause you have no control over your savings here, if they go bankrupt, govt. will liquidate the company's physical assets and give you the lowest percentage. even if there is inflation, you will not have anything to do. But even if you invest in Bitcoin for the long term, all the control will be in your hands. Volatility may be temporary risky for short term holders but for long term it is not after any risk stage.

[Mamun74]

I Think, Everyday loves bitcoin. For me,I specially love bitcoin. There is no risk when people make invest right way.And i Think  right now mane people interested earn cryptocurrency and bitcoin particular. So if you want earn it then you can hold it,trade it and invest it right way.so you can hold it your private wallet.